Tesla (TSLA) Q1 Deliveries Miss Estimates at 358,023 Vehicles
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowTesla (TSLA) reported vehicle deliveries of 358,023 in Q1, falling short of Wall Street's estimate of 370,000 and resulting in a 5.42% decline in shares. This marks the second consecutive quarter of missed expectations for the company. Analyst Dan Ives from Wedbush maintained a $600 price target on TSLA, indicating a potential upside of over 65% despite soft EV demand and regulatory challenges in Europe. In addition, Tesla deployed 8.8 GWh of energy storage, below the expected 14.4 GWh, and plans to invest $20 billion in AI and robotics initiatives.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Tesla Inc. (TSLA)
Tesla is the leading electric-vehicle maker, also building energy-storage systems, solar products, and autonomous-driving and robotics technology.
The Consumer Discretionary sector covers retailers, automakers and leisure companies whose sales rise and fall with consumer confidence.
Earlier TSLA news
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- Tesla (TSLA) Stock Falls Following Below-Expectations Delivery Report
- Tesla (TSLA) Q1 Deliveries Drop 5% with 358,023 Vehicles Delivered
- Tesla (TSLA) delivery update anticipated amid investor concerns
- SpaceX (SPAX.PVT) Files for IPO, Targeting $75 Billion Raise
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